Market Overview: DAX 40 Futures DAX futures went higher forming a High 1 from a reversal up from 18000. Such a strong spike needed a correction and the pullback was deep. It might need a second leg sideways to down before bulls buy again. The moving average is just below and there are likely buyers […]
FTSE 100: Strong Breakout New All Time High
Market Overview: FTSE 100 Futures FTSE 100 futures went higher with a strong breakout last week. The bears tried to fade the top of the trading range but got run over with a weak signal. As soon as it closed, only buyers took the price higher. Next week, it is important to see if there […]
Nifty 50 Trading Range Price Action
Market Overview: Nifty 50 Futures Nifty 50 Trading Range Price Action on weekly chart. On the weekly chart, the market has shown a small, weak bull bar with a long tail at the top, indicating it remains in a phase of trading range rather than trending. Last week’s micro double bottom formation remains intact, potentially […]
Emini Failed Low 1
Trading Update: Friday April 26, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Bears Want Bear Flag
Trading Update: Thursday April 25, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Intra Day Update: Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell […]
Emini Bulls Want to Trap Bears at Midpoint of Channel
Trading Update: Wednesday April 24, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Likely to Get Deep Pullback
Trading Update: Tuesday April 23, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Support 5,000 Likely to Bounce
End of day video review Trading Update: Monday April 22, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and […]
Bitcoin near all-time highs at 4th Halving
Market Overview: Bitcoin Bitcoin recent price action suggests a potential climax in buying pressure, transitioning the market from a strong uptrend into a sideways or even corrective phase. This weekend marks a pivotal event in Bitcoin’s history – the fourth halving. This built-in mechanism reduces the reward for mining new Bitcoin blocks by 50%, limiting […]
Disappointing EURUSD Follow-through selling
Market Overview: EURUSD Forex The bears got a disappointing EURUSD follow-through selling on the weekly chart. They hope that this week was simply a pullback and hope to get at least a small second leg sideways to down. The bulls want a reversal from a higher low major trend reversal, a larger wedge bull flag […]